What was the unemployment rate in October 2019?

The U.S. economy gained 128,000 jobs in October 2019, according to the U.S. Bureau of Labor Statistics. There were strong jobs gains across the board. The economy needs 150,000 new jobs each month to keep expanding. Weak growth is why the Federal Reserve lowered rates at its past 2019 Federal Open Market Committee meetings.

How many jobs have been lost in the last year?

They typically let go of the short-term employees that staffed the holiday shopping season. Wholesale, which usually trends with retail, lost 2,600 jobs. Store managers have been slashing jobs since March 2017. Online sales have cut into bricks-and-mortar store sales. Transportation and warehousing lost 4,000 jobs.

What should I do if I can’t pay my rent?

What should I do if I can’t pay my rent? For private renters, speak to your landlord as soon as you can. They may be willing to defer payment for a while or to allow you to pay a smaller amount until you can get back on your feet. Are there other options?

Why did temporary help services lose 3, 300 jobs?

Temporary help services lost 3,300 jobs. Companies often add temp jobs when business is picking up, but they aren’t confident enough to add full-time positions. The monthly jobs report is also called the “Employment Situation Summary” and the “Non-Farm Payroll Report.” It’s a critical economic indicator because it’s the first report of the month.

What happens when you can no longer pay rent?

Once the apartment has been rented to another tenant, your obligation to pay rent for the balance of the term of your lease ends. For example, you had a one year lease, but after six months were unable to continue paying rent and moved out. Two months later, a new tenant rents your apartment.

When do you have to pay last month’s rent?

When May 1 arrives—the date their last month’s rent is due—they do not have to make another payment, as Alex already has their last month’s payment. Jayme and Robin move out on May 31 as planned. The example above demonstrates the only way that a last month’s rent deposit should be applied.

How long does it take to pay missed rent in Los Angeles?

“Even if they say we can pay [missed rent] back in two or three years — that’s money we don’t have,” said Kelly Wise, a 32-year-old resident of L.A.’s Westlake neighborhood. After losing jobs selling merchandise at concerts and cutting fabric for Hollywood sets, she is more than $10,000 behind on rent.

What happens when you break your lease and pay less rent?

Instead of being liable for the rent for the remaining six months of your lease, you would only be liable for the two months the apartment was actually vacant. However, if the new tenant is paying less rent than you paid, you would be liable for the difference in rent for the remaining six months of your term.